To be owned, disgraced, defaced, humiliated, annihilated, obliterated in every way, shape or form. In can be used in a pick-up basketball or golf game, snaping contest, skate boarding and BMX challenges. Basically the opponent is expressing his complete confidence in his or her ability to destroy you in any competitive way or totally humiliate you in any manor he or she desires and can imagine.
Orignially coined by a popular player named Zio Carmine in a MMO game played by millions (iMobsters). It is now being used in games to let opponents know that their death or their demise in the game context is quickly approaching and that such defeat will be their end!
IL Rogue: Hey bro what are you going to do about Benny Meece gunning for you?
Zio Carmine: I'm just going to have to go nut and Shimmy Sham his ass until he is so dead his ashes can be scattered at the graveyard along with all the other dead people.